Turrell Fund
- Assets
- $0.0
- Revenue
- $3.8m
- Investments
- $111.1m
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 02/1937
- Data as of
- 12/2020
- EIN
- 22-1551936
Organization Overview
Turrell Fund is located in Montclair, NJ. The organization was established in 1937. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turrell Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Turrell Fund generated $3.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.0m during the year ending 12/2020. While expenses have increased by 4.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Turrell Fund has awarded 503 individual grants totaling $11,892,465. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STMT 16
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtland E Fields President & Ceo/secretary | 50 | $480,000 | |
Richard A Ribeiro Cfo/treasurer | 50 | $230,080 | |
Evan Delgado Vice President Of Pr | 50 | $154,500 | |
Madison Mchugh Director Of Operatio | 50 | $88,000 | |
Stanley T Carroll Implementation Speci | 30 | $82,275 | |
Kim Keiser Vt Project Director/ass't Secretary | 40 | $51,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Investment Group | 12/30/21 | $437,820 |
Northeast Technology Support | 12/30/21 | $150,856 |
Bny Mellon Asset Servicing | 12/30/21 | $132,312 |
The Montclair Foundation | 12/30/21 | $95,153 |
Horizon Blue Cross Blue Shield | 12/30/21 | $84,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,308 |
| Dividends & Interest | $380,472 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,505 |
| Total Revenue | $3,817,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $733,484 |
| Pension plans, employee benefits | $466,212 |
| Depreciation | $0 |
| Occupancy | $91,726 |
| Travel, conferences, and meetings | $42,055 |
| Printing and publications | $730 |
| Total operating and administrative expenses | $2,914,561 |
| Contributions, gifts, grants paid | $4,100,565 |
| Total expenses and disbursements | $7,015,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Investments—mortgage loans | $1,575 |
| Investments—other | $107,610,745 |
| Other assets | $3,804,087 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $169,940 |
Grants Awarded
Over the last fiscal year, Turrell Fund has awarded $3,968,675 in support to 162 organizations.
| Grant Recipient | Amount |
|---|---|
LET'S GROW KIDS PURPOSE: PROGRAM SUPPORT | $451,000 |
VERMONT COMMUNITY LOAN FUND PURPOSE: PROGRAM SUPPORT | $182,500 |
Newark, NJ PURPOSE: PROGRAM SUPPORT | $153,000 |
CAUCUS EDUCATIONAL CORPORATION INC PURPOSE: PROGRAM SUPPORT | $150,000 |
HACKENSACK MERIDIAN HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $150,000 |
HACKENSACK UNIVERSITY MEDICAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $124,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |